MVI (MENA Venture Investments)

Mena Venture Investments (MVI) is a prominent angel fund based in Dubai, United Arab Emirates, with a strategic focus on early-stage startups. Operating as an angel group, MVI primarily targets ventures with strong growth potential within the MENA region, though their mandate extends to opportunities "beyond" this geographical scope. The fund is recognized for its ability to identify and back promising companies at their nascent stages, providing crucial early capital and support.

MVI's investment philosophy centers on identifying disruptive business models and scalable technologies. Their portfolio showcases a keen eye for market-leading innovations, particularly within the digital and consumer technology sectors. A testament to their strategic foresight is their early investment in Careem, the ride-hailing giant that was later acquired by Uber for a reported $3.1 billion. This landmark exit underscores MVI's capacity to recognize and nurture companies that achieve significant market impact and generate substantial returns.

Another notable success in MVI's portfolio is InstaShop, a leading grocery delivery platform in the MENA region, which was acquired by Delivery Hero for $360 million. These high-profile exits highlight MVI's strong track record and validate their approach to early-stage investing. As an angel fund, MVI typically participates in seed and pre-Series A rounds. While specific figures can vary, their initial cheque sizes generally range from approximately $100,000 to $750,000, reflecting their role in providing foundational capital to emerging enterprises. Their significant exits likely enable them to deploy more substantial angel checks compared to individual angel investors.